Financial Authority Policy Appendix 1
Approval Level | Budget Holders | Maximum financial authority for a single transaction within approved budget (NZ$, GST exclusive) | Includes capital expenditure within area's approved capital budget |
---|---|---|---|
Level A | Chief Operating Officer, Senior Deputy Vice-Chancellor | $3,000,000 | Yes |
Level B | Director of Finance | $500,000 | Yes |
Level C | Deputy Vice-Chancellors, Assistant Vice-Chancellors, Pro Vice-Chancellors or equivalent | $250,000 | Yes |
Level D | Heads of School, Directors or equivalent | $100,000 | Yes |
Level E | Associate Deans, Deputy Deans or equivalent | $50,000 | Yes |
Level F | Managers, Unit Directors or equivalent | $15,000 | Yes |
Level G | Business/Administrative Managers | $10,000 | No |
Level H | Cost Centre Alternates (Acting) | $10,000 | No |
Level I | Administrative Managers | $5,000 | No |
Level J | Administrative Staff/Personal Assistants with a significant range of financial responsibilities | $3,000 | No |
Level K | Administrative Staff/Personal Assistants with a range of financial responsibilities | $2,000 | No |
Level L | Administrative Staff/Personal Assistants with moderate financial responsibilities | $1,000 | No |
Level M | Secretaries/Personal Assistants with limited financial responsibilities | $250 | No |
Level P | PCard authorities only (no financial delegation for Unimarket) | $250 | No |